For the week ended August 4, spot prices for NAND flash-memories "showed the steepest decline during the past eight consecutive weeks of downward pricing," according to Gartner Inc.

NAND spot prices fell by an average of $0.12 during the period compared to the previous week, standing at $2.17 on a 1-gigabit (Gbit) equivalent basis, according to the market research firm. Prices for 512-Mbit and 1-Gbit parts fell 8.5 and 12 percent, respectively, during the period, according to Gartner.

The price decline was the result of "purged inventory" of older parts, according to Gartner. Demand is expected to "firm up" in August, according to the research house.

By: DocMemory
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